The small dollar amount and lack of C-suite involvement suggest routine portfolio diversification rather than informed selling. Monitor for any subsequent larger sales or C-suite participation that would elevate concern.
Price Chart
Executive Summary
Two insiders at Skye Bioscience sold a combined $108K in open-market sales over a one-week window. The sales are modest relative to the company's market cap and involve a director/10% owner and a 10% owner, with no C-suite participation. The cluster is small and likely routine, not signaling material adverse information.
Key Financial Metrics
Key Facts
- Total insider sales: $108K across 2 insiders
- Schwab Andrew J. (Director, 10% Owner) sold 27.6K shares at $1.65 for $46K on 2026-09-22
- 5AM Partners VII, LLC (10% Owner) sold 32.6K shares at $1.91 for $62K on 2026-09-16
- No C-suite executives (CEO/CFO) participated in the sales
- Sales are open-market (code S) with no 10b5-1 plan indication
Financial Impact
Total sales of $108K represent a trivial fraction of market cap (likely <0.1%), well below the 0.1% materiality threshold
Risk Factors
- Insider sales could accelerate if negative catalysts emerge
- 10% owner selling may indicate reduced conviction, though amount is small
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SKYE-1790286184815 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | PREM14A | $1.57 | awaiting T+20 | — | $1.48 (+5.73%) |
Oct 14, 2026 12d ago | SC 13G | $1.59 | awaiting T+20 | — | $1.48 (−6.92%) |
Sep 24, 2026 4w ago | Insider Cluster | $1.67 $1.54 | ▼ −7.78% | ▼ −6.31% | $1.48 (−11.38%) |
Sep 24, 2026 4w ago | SC 13D/A | $1.67 $1.54 | ▲ +7.78% | ▲ +6.31% | $1.48 (+11.38%) |
Sep 18, 2026 5w ago | Insider Cluster | $1.78 $1.53 | ▲ +14.04% | ▲ +13.14% | $1.48 (+16.85%) |
Aug 19, 2026 9w ago | DEFA14A | $0.2809 $0.2206 | ▼ −21.46% | ▼ −21.34% | $1.48 (+426.88%) |
Aug 14, 2026 10w ago | 8-K | $0.5015 $0.2487 | ▼ −50.40% | ▼ −48.41% | $1.48 (+195.11%) |
Aug 14, 2026 10w ago | Press Release | $0.5015 $0.2487 | ▲ +50.40% | ▲ +48.41% | $1.48 (−195.11%) |
May 15, 2026 23w ago | 8-K | $0.7780 $0.7184 | ▲ +7.66% | ▲ +9.24% | $1.48 (−90.23%) |
May 12, 2026 23w ago | Press Release | $0.8140 $0.7800 | ▲ +4.18% | ▲ +2.45% | $1.48 (−81.82%) |
US Market Status
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